Word: retail
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Dates: during 1980-1989
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City developers first became interested in East Cambridge property in the early seventies. In 1978 the Community Development Department (CDD) released a report outlining the feasibility of retail, office, and residential development in East Cambridge. Last week the CDD approached the City Council with plans to apply for a $10.5 million Urban Development Grant through the U.S. Department of Housing and Urban Development...
...anyone should have sent the sexual walls tumbling down, it was Lilian Uchtenhagen, 55. An economist, she had compiled a distinguished record as president of the finance commission in the lower house of Parliament and served on the board of directors of a major Zurich retail chain. As the wife of a prominent Swiss psychiatrist and the mother of three adopted children from Madagascar, Uchtenhagen has a touch of the hausfrau that, it was thought, would make her acceptable to her male colleagues in government. Convinced that Uchtenhagen was well qualified for the job, the Social Democratic Party nominated...
...Retailers were also jubilant. With the holidays behind them, merchants were finally able to tot up their receipts, and the figures made very good reading. Christmas sales more than fulfilled expectations, and the 1983 holiday shopping season was the best in nearly a decade. Revenues of major stores were more than 10% higher than last year. Sears' sales improved 35%, while Minneapolis-based Dayton Hudson recorded a 25% gain. Predicted Dayton Hudson Chairman William Andres: "Consumer confidence will continue to grow, and we'll continue to see good retail sales...
Economists generally shared the optimism found in the markets. Said Otto Eckstein, chairman of Massachusetts-based Data Resources: "The economy is in a classic expansion phase. With employment up by such a magnitude and store sales rising, as high as they did, incomes and retail sales will continue to rise in the months ahead." Concurred Alan Greenspan, chairman of the Townsend-Greenspan economic consulting firm: "This news is telling us that the recovery is still solid and still has a long...
...time cash registers fall quiet on Saturday night, retailers expect to see a holiday season sales gain of up to 15% over last year. This would make 1983 the strongest Yule since 1977, and even that could turn out to be a conservative prediction. Says Esther Brunswig, manager of the Emporium-Capwell department store in Palo Alto, Calif.: "We're going to have the biggest Christmas ever. Everything is selling." Merchants ranging from Gucci in Beverly Hills to the McRae's department store chain in Jackson, Miss., are ringing up their highest daily revenues on record. Last week...